Paul Bloxham: HSBC chief economist predicts Australian interest rates will increase by the end of the year

On the other side of the Tasman, Australians are wondering how much further interest rates can rise. Australia's current OCR is sitting at 4.10 percent, and economists are predicting the RBA will hike interest rates again before the year is out. HSBC chief economist Paul Bloxham says inflation is likely to persist longer, and the Reserve Bank will have to lift interest rates by the fourth quarter of 2023. LISTEN ABOVESee omnystudio.com/listener for privacy information.